Have been reading on here a lot lately and am wondering if I am missing some things or opportunity, or maybe validation that what I am doing is the right path.
I currently make around $275k and have been increasing my salary drastically over the last few years starting in 2019.
2019 - $75k
2020 - $105k
2021 - $155k
2022 - $220k
2023 - $250k
2024 - $275k pace
This is my first year of maxing out my 401k due to making some dumb NFT investments, but also purchasing a condo (2020) and a home (2022) as well as a good chunk of travel and a wedding recently, and my current breakdown looks like this:
Checking Account - $20k (for monthly spend; mortgage, car payment, other bills, etc.)
HYSA - $36k (6 months of spend savings, rainy day fund)
Roth IRA - $30k (will go back to maxing out every year - took a few years off from that)
401k - $85k (first year maxing out was this year and goal is to do so going forward)
HSA - $10k (recently started this and have maxed out the last 2 years)
BTC & ETH in Coinbase - $10k (a mix between both, which are the only crypto I purchase)
Brokerage - $60k (a good chunk of VOO, but also a portfolio I have created myself which is up 45% YTD and is compromised of be chip stocks)
My Condo is now a rental, which we profit $750 per month on, that account has $4,500 in it, and the monthly payment is $2,000.
I have around $2,000 in cash in a safe at home.
I know this part sounds very stupid, but a good chunk of NFTs that are worth currently probably in the low $2,000 - $5,000 range, and at one point on the high, a number that I rather not share in written -- but it was a fantastic learning moment as to not be greedy/dumb and take profits when you can.
And also a good chunk of equity in 2 different start ups that hopefully turn into something in a few years.
Question -- what else should I be doing? I am maxing out 401k, Roth, and HSA each year, and putting the rest (around $4,500 each month) into my brokerage account. Am I missing something or is this the right track to be on?
Thank you!
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